$50 Million Investment In Camden Plant

Aerojet Rocketdyne

Arkansas’ ongoing efforts to grow the state’s aerospace and defense sector got a big boost Wednesday after Sacramento, Calif.-based Aerojet Rocketdyne unveiled plans to expand the company’s solar-powered rocket motor manufacturing facility in East Camden.

In a press event at the Governor’s Conference room at the State Capitol, Gov. Asa Hutchinson and Aerojet CEO and President Eileen Drake announced that the California defense contractor would invest more than $50 million to expand its sprawling south Arkansas armaments factory and hire 140 new workers over the next three years.

Drake, who along with Lockheed Martin Chairman and CEO Marillyn Newsom, is leading a trend of female CEOs rising to the top in the defense industry, said the expansion in Calhoun County is part of the company’s two-year plan to relocate its Solid Rocket Motor Center from Sacramento to south Arkansas.     MORE

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